Financial Daily from THE HINDU group of publications
Thursday, Aug 12, 2004
Financial Daily from THE HINDU group of publications Thursday, Aug 12, 2004 |
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Alliances & Joint Ventures Mohan Breweries, D1 Oils plan joint venture for bio-diesel Our Bureau
Chennai , Aug. 11 D1 Oils Plc of Britain and the Chennai-based Mohan Breweries and Distilleries Ltd are planning a joint venture to produce bio-diesel, an automobile fuel from plants. According to a press release from the British Deputy High Commission, which is assisting the negotiations, the joint venture, D1 Bioenergy Services Ltd, will help farmers cultivate jatropha, whose seeds are a rich source of oil. D1 Oils will provide the management expertise, refining technology and R&D backup. D1 Bioenergy will supply the farmers with the planting material, assist in cultivation, procure the seeds from the farmers and process them to produce the bio-diesel. The oilseed cake can also be used as fertiliser, animal feed or as a raw material to produce glycerine. A subsidiary of D1 Oils Plc, D1 Oils India, is also working with Tamil Nadu District Rural Development Agency and the Coimbatore District Cooperative Milk Producers Union to promote jatropha cultivation on wastelands and marginal lands. The company has developed the technology to refine bio-fuel crops and to grow high-yielding crops on a large-scale in unused lands.
More Stories on : Alliances & Joint Ventures | Non-conventional Energy
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